FC Meeting – February 11, 2025

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https://us02web.zoom.us/j/86587922764

Land Acknowledgement: The Foundation of Administrative Justice respectfully acknowledges that our courses are offered on traditional lands of First Nations, Metis, Inuit, or First Peoples in Canada. We respect the histories, languages, and cultures of First Nations, Metis, Inuit, and all First Peoples in Canada whose presence continues to enrich our vibrant community.

Agenda

1. Year End Financials—Unaudited Year Ending December 31, 2024

1. 1. Income Statement
   2. Income Statement Comparative to Budget
   3. Income Statement Comparative to Previous Year
   4. Balance Sheet
   5. Balance Sheet Comparative to Previous Year
   6. ATB Chequing and Notice Demand
   7. Servus Credit Union Bank Reconciliation
   8. Customer Aged
   9. Supplier Aged

2. Review Policies & Procedures

• • Current Financial Policies (pages 21-24)
    • Bank Authorization Policy
    • Foundation-issued credit cards policy
    • Expense Reimbursement Policy
  • Determine what policies and procedures are missing/needed(page 9)
  • Reserve Fund Policy (drafted by Mitch)—review
  • Discussion on path forward to develop policies

3. Consider the Foundation’s allowance of Board members to take courses for free from a financial perspective

• • Review what the historical use and financial impact have been
    • Over the past 5 years Directors have attended 84 events (elearning courses, livestream courses, and webinars) costing $59,254.00

4. Membership and Course Fees

• • Historical Pricing up to 2025

Meeting Resources:

• • Recording of Meeting
  • Processes, Practices, and Controls, provided by Lynsay Kurjata
  • Historical Pricing, with proposed increase
  • Course Revenue and Expenses
  • 2018-24 Financial Matrix